Strategic Education (NASDAQ:STRA) Price Target Raised to $88.00

Strategic Education (NASDAQ:STRAGet Rating) had its target price boosted by BMO Capital Markets from $82.00 to $88.00 in a research note issued to investors on Friday, The Fly reports.

A number of other equities analysts have also commented on the company. Truist Financial increased their price target on Strategic Education from $65.00 to $75.00 in a research note on Thursday, July 28th. StockNews.com raised Strategic Education from a hold rating to a buy rating in a research note on Thursday, November 3rd. Finally, Barrington Research raised their price objective on Strategic Education from $75.00 to $85.00 in a research note on Wednesday, July 27th.

Strategic Education Stock Performance

NASDAQ:STRA opened at $78.35 on Friday. The stock has a 50-day moving average price of $65.85 and a 200 day moving average price of $66.48. Strategic Education has a 12-month low of $48.01 and a 12-month high of $80.48. The stock has a market capitalization of $1.92 billion, a P/E ratio of 37.85, a P/E/G ratio of 1.97 and a beta of 0.49. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09.

Strategic Education (NASDAQ:STRAGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The health services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. Strategic Education had a return on equity of 4.14% and a net margin of 4.69%. The company had revenue of $263.10 million during the quarter, compared to analyst estimates of $260.41 million. During the same period in the prior year, the company earned $0.59 earnings per share. The firm’s revenue was down 2.6% on a year-over-year basis. Equities research analysts forecast that Strategic Education will post 2.67 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 5th. Stockholders of record on Monday, November 28th will be issued a $0.60 dividend. The ex-dividend date is Friday, November 25th. This represents a $2.40 annualized dividend and a dividend yield of 3.06%. Strategic Education’s payout ratio is 115.94%.

Institutional Investors Weigh In On Strategic Education

Several hedge funds and other institutional investors have recently modified their holdings of STRA. Kempen Capital Management N.V. raised its holdings in shares of Strategic Education by 19.8% in the first quarter. Kempen Capital Management N.V. now owns 1,010,202 shares of the health services provider’s stock worth $67,056,000 after buying an additional 166,895 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Strategic Education by 4.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,650,052 shares of the health services provider’s stock worth $257,621,000 after purchasing an additional 163,841 shares during the period. Edmond DE Rothschild Holding S.A. increased its holdings in Strategic Education by 53.4% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 394,071 shares of the health services provider’s stock worth $26,158,000 after purchasing an additional 137,148 shares during the period. Victory Capital Management Inc. increased its holdings in Strategic Education by 149.3% during the 1st quarter. Victory Capital Management Inc. now owns 202,401 shares of the health services provider’s stock worth $13,075,000 after purchasing an additional 121,216 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Strategic Education by 19.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 659,560 shares of the health services provider’s stock worth $43,783,000 after purchasing an additional 105,375 shares during the period. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Strategic Education Company Profile

(Get Rating)

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. It operates through three segments: U.S. Higher Education, Australia/New Zealand, and Education Technology Services. The company operates Strayer University that offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration, and criminal justice at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and an executive MBA online through its Jack Welch Management Institute.

See Also

The Fly logo

Receive News & Ratings for Strategic Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Strategic Education and related companies with MarketBeat.com's FREE daily email newsletter.